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He did admit that himself. He said nothing is definite but that's what they were looking for.
It sure does. They have been waiting for 2.50
That's when they plan on covering then buying.
Lol well done
I buy, I don't get sold to lol.
They were definitely not sales people though.
It actually would be a great time to start one here. They're finally allowing net metering here and there's supposed to be more good news coming in the summer about tax incentives. South Carolina has PLENTY of sun but we are way behind on our solar game.
The lady who was working the exhibit didn't know much about solar but she did say that the company went from 46 solar jobs in 2011 and did over 300 in 2014.
I'm going to get a quote from them just for fun. I'll post and share my experience with the board.
I found out they're using LG panels. A quick Google search and I was able to give them their really efficiency of 18.5%
Unbelievably uninformed sales people there. I just had to laugh.
At a home and garden show here in Columbia SC. There's a solar installer here with an exhibit. I asked how efficient panels were and they said 100%
I laughed and asked if they used sun power. Their reply was "yes, all the panels are powered by the sun".
Joe Rogan and Jim are good friends
Hahaha deal!
Awesome!
I've made that drive before without even stopping for gas. Where are you again? NC?
Great find! I'll be going.
Gonna have the salmon ; )
Solar3d use to be called machinetalker and had a different CEO. That's all I meant by Jim taking over.
I should have worded that post better but it was late when I posted and I had a few beers. I basically asked a question and answered it in the same post. I never understood why Jim didn't just start a new company for solar3d and why it wasn't based out of California. Last night I came across an article about the Delaware loophole and it put it all together for me.
I just wanted to share the info for anyone else on the board that like me, didn't know about the Delaware tax benefits. That's why I included that wikipedia link in the post.
Funny I was looking at that last night and then today we get a PRE14C released and the purpose of it is to save on taxes in Delaware.
That's exactly what I was saying. Of all the fortune 500 companies over half are based out of Delaware.
I never understood why solar3d was based out of Delaware it until I came across an article earlier today.
I just thought I'd share the info in case any other board members are as dumb as I am
Anyone know why Nelson chose to take over a company based in Delaware even though he operates out of California?
Maybe some of you knew about this but I sure didn't.
https://en.m.wikipedia.org/wiki/Delaware_loophole
I joke about Panasonic a lot but I really don't think we have to worry about their patent.
Would we be able to call the 3d cell "proprietary" if Panasonic's patent was a legitimate issue?
Good point. The manufacturer might also need to keep things hush hush for this reason.
Exactly. And it's not like he can lie to us and say there's nothing going on with the cell so it's better to just not bring it up.
I'm sure that we have something in the works. He said we would find a partner by the end of 2014. We never heard anything else but then we r/s and uplist out of the blue? A manufacturing test run isn't cheap and we now have 12milly in the bank.
It's only a matter of time in my opinion.
LETTER TO SHAREHOLDERS 3/11/15
Dear Fellow Solar3D Shareholder,
We have accomplished much in recent months here at Solar3D. The acquisition of SUNworks and MD Energy has helped us create a stronger revenue producing entity. We expect 2014 to close out with $19.5 – $20.5 million in revenues with positive adjusted EBITDA. We believe we are on the path to more than double that revenue figure for 2015 and we believe that positions us for continued growth and visibility.
As many of you know, in late February and early March, we completed a series of transactions that resulted in a listing on NASDAQ. These transactions were necessary to meet NASDAQ- listing standards. The reverse split helped meet the share price requirement and the public offering of $12.5 million raised capital and helped us meet the shareholders’ equity requirement. The purpose of the NASDAQ listing and offering is designed to take our company to a new level of competitive strength. Today, Solar3D is a well-capitalized, NASDAQ-listed company with a strong model for growth. We are highly confident that, as we continue to execute our business plan, we will remain well positioned to attract more attention and investments from institutional investors and analysts. We have taken these actions after careful consideration and in the belief that they are in the best interest of Solar3D and all of its shareholders.
One of our priorities for 2015 is to provide periodic updates to you on our progress and strategy. Our recent acquisitions, the appointment of a new Chief Financial Officer, and initiatives that further drive our sales and overall growth have had a positive impact on our business. Combined, they provide us with a distinct competitive advantage over other players in our space, and they substantiate the reasons why the Solar3D story is a compelling investment in the solar industry, which is experiencing explosive growth.
Solar Industry Poised for Explosive Growth in 2015
The solar market is vibrant, untapped and virtually unlimited. We believe Solar3D is on the forefront of a powerful market trend, one that is growing rapidly and possesses significant growth opportunities. Distributed solar has penetrated less than 1% of its total [addressable] market in the residential and commercial sectors. Our SUNworks operating division has gained brand popularity throughout California due to its commitment to excellent customer service and the ability to provide flexible cost savings to large commercial organizations. More recently, SUNworks has been contracted to perform commercial solar design and installation programs for two large-scale California-based companies, Innovative Produce, Inc. and Heidrick & Heidrick Properties, L.P.
There are many reasons supporting the meteoric rise of solar implementation on both the commercial and residential fronts. A recent article from Renewable Energy World, cited several factors contributing to the growth which include financial incentives available from federal, state and local governments, lower prices, a renewed emphasis on the reduction of greenhouse
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SLTD Shareholder Letter Page 2 of 3
emissions, President Obama’s pro-green agenda, widespread adoption from utility providers, and a driven consumer base.
Growth-by-Acquisition
We are proud to announce the completion of the acquisition of another profitable solar energy systems energy provider, MD Energy (MDE), based in Rancho Cucamonga in Southern California. After several weeks of due diligence from both management teams, we have been able to successfully close this transaction to better capture the commercial market for the Southern California region. Similar to SUNworks, MD Energy designs, finances, monitors and maintains solar energy systems but outsources the physical construction of its projects. In 2014, MD Energy installed 14 solar energy systems totaling 3.35MW in capacity translating in a projected $6.5-7.0 million in revenues while generating a profit. We’re excited by this acquisition because it directly adds to our top line growth. and the acquisition also fills a unique niche with the general engineering skills, general building knowledge, and electrical contracting licenses that we’ve acquired. In 2015, California will become a global leader in solar power penetration, and we are well positioned to capitalize on that market. With the solar industry being highly fragmented with high demand in the California region, we continue to focus on acquisitions in California and Nevada so that we can obtain critical mass in the market.
Executive Appointments
On the management side, Tracy Welch recently joined the Company as Chief Financial Officer. Tracy possesses a reputation for strong financial leadership and expertise in completing and integrating acquisitions, which makes him a perfect fit for our growth-by-acquisition model. Tracy joins us after holding CFO and Treasurer roles at several large private and publicly held companies, including multi-billion dollar energy companies KN Energy and Smith International, and food giant Schwan’s. During his career, he has completed 36 transactions ranging in size from $10 million to $500 million, and brings invaluable experience in this space to Solar3D. His role at Solar3D will ultimately be to drive revenue and profit optimization.
Uplisting Onto A Major Exchange
As I mentioned, we took some major steps forward with our listing on NASDAQ. To achieve the listing, we raised $12.5 million in new equity capital. This equity capital provided us with the shareholders’ equity needed to meet NASDAQ’s listing standard. Without this funding, Solar3D would not have been able to uplist its shares at this time. As an added benefit, the equity raised has strengthened our balance sheet and better positioned the Company to execute our plan to accelerate growth. We believe this uplisting will enable Solar3D to attract a broader range of institutional investors, strengthen our financing flexibility, and provide greater liquidity for our shareholders.
Sales Initiatives for Growth
We’ve reported on the growing market opportunity due to widespread adoption of solar energy in the farming industry. The agricultural industry is no longer simply exploring solar as a potential
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SLTD Shareholder Letter Page 3 of 3
means of saving energy costs, but actively pursuing the best options for their business. This commitment from farmers represents a substantial shift in the traditional way of thinking, and represents a significant sales opportunity for Solar3D. Additionally, our SUNworks operating division also announced the launch of the proprietary PowerPlay Plan, which is a customer service portal allowing individual users to review their current systems, access monitoring sites and, most importantly, submit and track referrals. Given the simplicity of this system, we believe it will drive organic growth and also retain our existing customers.
We are pleased with our operational and financial growth and reiterate our anticipated 2014 revenue to be approximately $20 million with revenue in 2015 projected to be $40-45 million based on existing and anticipated orders. Our business momentum remains stronger than ever and we are growing at a rate that is much faster than the current market, as we continue to consolidate and gain market share.
Given our management know-how and expertise, we are able to reduce our cost of customer acquisition to about half of the industry average which drives our share gain. What provides us with a distinct advantage is that we have a superior management team, a focus on optimizing customer economics, and a remarkable reputation for doing quality work. We are actively pursuing acquisitions and that, too, differentiates us from the competitors in the space.
For our future outlook, we believe this year will be another record revenue year for Solar3D and that we are on the path to building the next solar powerhouse. On behalf of the management team, we encourage you to pay close attention as we continue to execute on driving sales with our customers and creating value for our shareholders. Thank you for your continued support.
Warm Regards,
Jim Nelson, CEO, Solar3D
Either way, they will be working with us.
Thanks RV-8! Ive Been saying this for last year..
How could we sell a customer solar panels today if they knew that our new cheaper and more efficient panels will be available in a few months?
100% 200% or 300% profit
Name changes.
I'm not a big fan of changing names. I say keep sunworks, md, and any other company we aquire with their original name. Both companies have great reputations and their names are recognized in their communities. It costs money to rename everything. Customers get to feel like they're shopping around.
I could be wrong though. Just a thought.
We were on the loser's list a few days ago and now we are in the gainer's.
https://www.google.com/url?sa=t&source=web&rct=j&ei=gU_-VJ3XLYyZgwTsz4PQBg&url=https://ca.finance.yahoo.com/gainers%3Fe%3DO&ved=0CCkQFjAE&usg=AFQjCNE3jeLSNyGyYVAHVYfvo72JEtm2ag&sig2=lkdJpUKnDEtZ230CLvQFwA
I don't care what end of the stick we sit on, it's just nice to be on the stick.
Loving this volume. Someone just bought 28k shares at $3.14
Ahhahahaa that made me lol
Short and to the point. Gotta love it
Yes weren't they trading under sltww or something like that
Yes the l2 has been going crazy. They're covering and buying
I know right lol.
I got excited when I saw that. It's a very popular show and that's some good subliminal advertising right there.
Zombie apocalypse, another thing solar is good for.
Anybody watch walking dead? That whole town is powered by solar lol.
Not exactly. Nothing new here. I fell for this last year too.
Very cool to have this kind of info now. Definitely worth a look-see.
http://www.nasdaq.com/symbol/sltd/stock-consultant
Now everyone knows who you are lol.
I was going to leave a comment too but I don't want to blow my cover
Solar3d getting kicked around some on their Facebook page
No worries. It did look like I was replying to you so I understand.
Wow! Well done.
Thank you for that
Sorry if this was posted already. I've never come across it.
http://www.bloomberg.com/profiles/companies/SLTD:US-solar3d-inc
I'm sure he also wanted to give big institutions a chance to load up too. People have been ranting about how unfair that is but it's actually really good for us. The volume here has been very high and that's the first sign of institutional buying. They don't just buy all at once though because that would drive the price way up and make shares for them more expensive. They buy little by little over a period of weeks or months. It takes them just as long to exit an investment so they do a lot of research before getting in to make sure their bet is safe.
I said that a few days ago. He made the sunworks deal when the price was pretty low too. What's more attractive? $3/share with a potential upside to $8.88 or $8/share with a potential upside to $8.88?